Today on the Marketbeat: Stimulas talks make markets jump, but can't make em fly...

Market #'s @ Closing Bell:

S&P: -27

DOW: -227

NASDAQ: -51 

RUS2K: -18

TSX/S&P: -148

VIX: +3.08

Internals:

Core Sector List: 15/1 to the bears/ up Gold

NYSE

BREADTH: 10/1

AD LINE: -2200

NASDAQ

BREADTH: 6.6/1 

AD LINE: -1530

Today on the Marketbeat: Stimulus talks make markets jump, but can't make em fly...

Less than 24 hrs after Fed spoke about pushing to help the credit markets, and Obama's stimulus package passing the markets dropped about 3% today, giving back all of yesterdays gains; and then some. Leading the markets down today was the Bio tech & Insurance sectors, with only Gold surging through the red. 

Under the hood, the internals had no signs of the Bulls that had been around for the past 4 trading sessions. The Breadths closed at their lows of the day, 10/1 NYSE & 7/1 NASDAQ. The AD LINES tacked on some solid losses with the NYSE losing 2200 ticks and the NASDAQ losing 1500 ticks. Closing the internals the vix shot up 3Pt's today with sell off volatility.

Ideas: Were going to watch what the market does in the morning, There could be dip buyers waiting to bring the market up...Or we could see this sell off continue into the weekend. 

Today on the Marketbeat: The Market rallies, The Fed stays low

Market #'s @ Closing Bell:

S&P: +200

DOW: +28

NASDAQ: +53

RUS2K: +17

TSX/S&P: +150

VIX: -2.55

Internals:

Core Sector List: 15/1 tot he Bulls

NYSE

BREADTH: 8.4/1 Bulls

AD LINE: +2200 ticks

NASDAQ

BREADTH: 7.9/1 Bulls 

AD LINE: +1500 ticks

Today on the Marketbeat: The Market rallies, The Fed stays low

Another Fed meeting has come and gone, and for once the market met their news (or lack there of) with a solid day of buying. However, the market gaped open on a bevy of news that hit the fan, so I'm sure the Fed Minutes were more a icing on top for Wallstreet. The markets saw a day today that propelled the ES (S&P) break the R3 line and close above it. We also saw the banking sector scream up. Today was about the bulls.

Under the hood we saw the breadths finally take that leap past 4-5/1 and close the day both in the area of 8/1. The AD LINE backed that up with a solid performance closing just under 2300 ticks on the NYSE and +1500 ticks on the NASDAQ. The core sector list put in a solid performance with only one sector in the red and closing it out the vix dropped another 2.55.

Some ideas for Thurs:

Gold: AUY / AEM / NEM - Watch Gld for an action point on these

Rails: UNP / NSC / CSX - Watch for weakness 

Today on the Marketbeat: Bullishly bearish?

Market #'s @ Closing Bell:

S&P: +10

DOW: +58

NASDAQ: +17 

RUS2K: +5.56

TSX/S&P:  87

VIX: -3.45 to 42.24

Internals:

Core Sector List: 13/3 to the Bulls

NYSE

BREADTH: 2.4/1

AD LINE: +1000

NASDAQ

BREADTH: 2.2/1 

AD LINE: +680

Today on the Marketbeat: Bullishly bearish?

Today was an interesting market day. First off the Fed began another meeting today and while the rates probably wont be changed, its important to listen to the language that Bernake uses when they release the Fed Meeting Notes tomorrow afternoon. The language they use could be indicative on how the next lil while could be for us Active short term traders. 

Moving on to today's action, the Markets gaped up but quickly filled that gap around the days pivot point. After this fill the market rallied off the pivot and moved past the R1 resistance. However, the R1 did not hold into the afternoon and what it did seem to hold well was the Moving Averages. overall the days sentiment was bullish. Under the hood was a similar story, Breadths closing near there highs around 2/1 to the bulls, the AD Line showed strength  closing up +1000 ticks on the NYSE AD LINE and up +680 ticks on the NASDAQ. Closing out the internals closed the day wit the VIX moving down over 3 points to the downside. 

Some ideas going into Wednesday:

Refineries: HOC / VLO / TSO

EDUCATION: ESI / APOL / CPLA

Today on the Marketbeat: Up, Down, and Side to Side...

Market #'s @ Closing Bell:

S&P: +5

DOW: +36

NASDAQ: +12

RUS2K: +6

TSX/S&P: +30

VIX: -1.76

Internals:

Core Sector List: 9/7 to the Bulls

NYSE

BREADTH: 1.2/1

AD LINE: 880

NASDAQ

BREADTH: 2/1 

AD LINE: 670

Today on the Marketbeat: Up, Down, and Side to Side...

This last week of the first month of 2009 started off very similar to how the markets been acting as of late - A bit of everything. The day got off to a great start as the market opened higher taking over the daily pivot and R1 Resistance before hitting the day high of 849.5 on the ES. This turned out to be the days high as the markets quickly rolled over and chopped its way across the R1 Pivot. It wasn't until the ES lost R1 that we saw extensive selling into the afternoon trading. However, that wasn't the end of the story as into the last hours of trading the market staged one of the famous late day rallies moving back up to R1, but it failed to recapture it and the market settled the day near the mid pivot (R1 - PP).

The internals spoke volumes today if you were trying to day trade the action as the internals were up down and side to side with the market. The Breadth started out bullish with some solid strength behind it, cue in 2pm reversal and the bears put some downward pressure on the Breadths, almost taking them over into the close but they kept the bears away long enough to close bullish (1.2/1 NYSE, 2/1 NASDAQ). The AD Lines battled into the close tacking on 880 ticks and 670 respectively. Closing up the internals the VIX closed slightly lower down 1.76 for the day.